According to a research institution, men spent an average of $136 39 on Valentine's Day gifts in 2009. Assume the standard deviation for this population is $45 and that it is normally distributed A random sampie of 15 men who celebrate Valentine's Day was selected Complete parts a through e a. Calculate the standard error of the mean = 11.62 (Round to two decmal places as needed) b. What is the probability that the sample mean will be less than $130? P(k<$130) = 02912 (Round to four decimal places as needed) c. What is the probability that the sample mean will be more than $140? P(i-S140) -D (Round to four decimal places as needed.)

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
According to a research institution, men spent an average of $136 39 on Valentine's Day gifts in 2009. Assume the standard deviation for this
population is $45 and that it is normally distributed A random sample of 15 men who celebrate Valentine's Day was selected Complete parts
a through e
a. Calculate the standard error of the mean
a 11.62
(Round to two decmal places as needed)
b. What is the probability that the sample mean will be less than $1302
P(x<$130) = 02012
(Round to four decimal places as needed)
G. What is the probability that the sample mean will be more than $140?
P(i» S140) -D
(Round to four decimal places as needed)
Transcribed Image Text:According to a research institution, men spent an average of $136 39 on Valentine's Day gifts in 2009. Assume the standard deviation for this population is $45 and that it is normally distributed A random sample of 15 men who celebrate Valentine's Day was selected Complete parts a through e a. Calculate the standard error of the mean a 11.62 (Round to two decmal places as needed) b. What is the probability that the sample mean will be less than $1302 P(x<$130) = 02012 (Round to four decimal places as needed) G. What is the probability that the sample mean will be more than $140? P(i» S140) -D (Round to four decimal places as needed)
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman